Bankruptcy Law

1. Without prejudice to the provisions of Chapter 14 of this Law, the court may order a moratorium for a period not exceeding 90 days from the procedure initiation date, and may extend such period for one or more additional thirty day periods at the request of the debtor. In any event, the moratorium period must not exceed 180 days. 2. A moratorium period shall expire upon the lapse of the period specified in paragraph (1) of this Article, or at an earlier date by the court’s confirmation of the proposal or termination of the procedure.